An angel network that started in Washington D.C. three years ago and has grown to hundreds of investors in five U.S. startup hubs will open its next chapter in the Triangle.

The Washington D.C. director of NextGen Angels Eric Koester sat on a panel of investors yesterday at the Internet Summit and said he’d be spending a lot more time in the Triangle working to amass a network of 100 angel investors willing to invest a minimum of $10,000 in at least one startup a year. 

They’d also have access to deals throughout the network and agree to help any portfolio company. Since its start in July 2012, NextGen has made 14 investments in companies that range from augmented and virtual reality storytelling and smart Google Glass-like glasses to fresh flower delivery, a custom winemaking operation and a driver’s ed app.

Funding the network’s growth is a $1 million seed round closed in May 2015, which has helped it expand to Boston, New York City, Chicago and Austin so far. Koester says the network is already close to reaching its 100 investor goal in each of those cities. He expects to have a Raleigh-Durham chapter meeting monthly by April 2016.

Read the rest of the story on ExitEvent.